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What are assets in the financial add formula?

April 26, 2017assets financial Formula

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What are assets in the financial add formula?

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· · Assets in the federal formula (FAFSA) are cash, savings, checking, certificates of deposit (CD), bonds, trust, money markets, mutual funds, additional real estate and stocks that are not wrapped inside retirement financial vehicles like 401-K, IRA, Pension Plans, Annuities and Life Insurance products that are held by the student (student’s spouse) and or parents or legal guardians. · · Assets in the institutional formula (CSS Profile) are cash, savings, checking, certificates of deposit (CD), bonds, trust, money markets, mutual funds, additional real estate and stock that are not wrapped inside retirement vehicles like the above. In addition to the above, the assets of the student’s siblings are considered in a weighted formula and the equity of your home are considered as an asset.